Fairhaven Residents Association Inc

Nonprofit profile at a glance

EIN
010608536
IRS 990-EZ coverage
2022–2025
Forms available
Form 990 2020, Form 990-EZ 2025
Location
Sykesville, MD, USA
Phone
4439881499
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services N.E.C.

Reported finances

Revenue
$181,536
Expenses
$198,648
Assets
$455,561
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • M BARBARA CLAGETT (PRESIDENT)
  • ALVA BAKER (VICE PRESIDENT)

People named in this filing

  • M BARBARA CLAGETT (PRESIDENT)
  • ALVA BAKER (VICE PRESIDENT)
  • THOMAS O'CONNOR (TREASURER (AS OF 01/2025))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote charitable, educational, spiritual, and recreational activities for the residents of fairhaven, a Maryland continuing care retirement community (ccrc).

What it reported doing in 2025

Distribution to local charities - fairhaven provides donations to community members in need daily care, food, toiletries, clothing, etc.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.4%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 2.29; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 2.8% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: -0% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -2.3% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $199K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.